Skellerup - New 6 Year Lease

3-4 Monier Place, Mt Wellington

Industrial / Office / Warehouse For Sale

For Sale by Deadline Private Treaty closing at 4pm Wednesday, 4 Sep 2019 (Unless sold prior)    Tenanted Investment
Land Area: 5,543.00 m2.    Floor Areas: 3,096.00 m2 to 3,142.00 m2.    

Description

3-4 Monier Place is situated at the end of a short cul-de-sac in the sought after Mt Wellington industrial precinct. The property enjoys excellent access to motorways and main arterial roads with the SH1 Ellerslie interchange and Great South Road only a short distance away.  Constructed in the 1980’s, the property comprises two adjoining industrial buildings. The buildings are made up of almost entirely clear-span warehousing with varying stud heights, as well as office accommodation and amenities. Multiple roller doors provide access to the warehouses.
Building 1 is situated along the northern boundary and comprises single level offices and amenities to the front of the building, as well a warehouse and small workshop at the rear. The warehouse stud height rises from approximately 5m at the knee to 8m at the apex and can be accessed via 3 roller doors.
Building 2 is ‘L-shaped’ and runs along the eastern and southern boundaries, adjoining building 1. The building is made up of two levels of office and amenities to the front and a lower-stud warehouse to the rear, with a stud height of approximately 5.5m at the highest point. Building 2 can be accessed via 2 roller doors.
The large yard to the front of the site provides a generous area for car parking, storage and truck circulation.

Features

  • Quality tenant
  • New 6 year lease
  • 2.5% annual rental increases
  • 100% IEP rating
  • Tightly held location

Occupants

Occupant Term Net Annual Income
Skellerup Rubber Services Limited 6 years from 1 August 2019 $403,000 net p.a. + GST

Sale Areas

Area Size
BUILDING 1
Ground Floor Offices & Amenities 154.8m²
Factory/Warehouse (5m-8m stud approx) 944.5m²
Workshop 128.1m²
BUILDING 2
Ground Floor Offices & Amenities 228.4m²
First Floor Offices & Amenities 246.4m²
Factory/Warehouse (5-5.5m stud approx) 1,440.4m²
Yard/Storage (estimated) 1,000.0m²

Map

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